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via CoinDesk · By CoinDesk Staff
Bitcoin's record holder supply hides a buyer drought, CryptoQuant says
BTC
BTC/USDT
$63,067.01
+0.06%
$63,067.01
+0.06%
(24s)24h Volume
$2,099,586,948.68
24h H/L
$63,175.00 / $62,968.45
Change: $206.55 (0.33%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0038%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(04:23 AM UTC)
1 min read
A record high in long-term holder supply typically signals conviction. CryptoQuant says it reflects a shortage of new buyers, a view echoed by weakening ETF demand and bearish prediction market odds.
Bitcoin traded around $73,500 Friday morning Hong Kong time, according to CoinDesk market data, roughly 10% below the low-$80,000 levels reached earlier this month, as new data from CryptoQuant…
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